Premium Catering (NASDAQ:PC) Shares Up 0.5% – What’s Next?

Premium Catering (Holdings) Limited (NASDAQ:PC)’s share price rose 0.5% during mid-day trading on Thursday . The company traded as high as $9.55 and last traded at $9.40. Approximately 531,300 shares were traded during trading, The stock had previously closed at $9.35.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Premium Catering in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Premium Catering Price Performance

The company’s fifty day moving average is $9.40 and its two-hundred day moving average is $9.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Premium Catering stock. Jane Street Group LLC boosted its holdings in shares of Premium Catering (Holdings) Limited (NASDAQ:PC) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,723 shares of the company’s stock after purchasing an additional 1,762 shares during the period. Jane Street Group LLC owned about 0.61% of Premium Catering worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Premium Catering Company Profile

Premium Catering (Holdings) Limited, through its subsidiary, engages in the business of food catering for function, events, and workers in Singapore. The company provides Halal food in Indian, Bangladesh, and Chinese cuisine to foreign workers, students, and other individuals residing in dormitories, as well foreign workers in the marine, logistics, and poultry industries. It also operates a central kitchen under the Premium Catering brand name to supply budget prepared meals to foreign construction workers; operates food stalls; and provides buffet catering services for private functions, and corporate and community events, as well as provides ancillary delivery services.